NIKKEI 225

- JPY (-)

- End-of-day data - Japan Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	NK225
ISIN:	JP9010C00002

NIKKEI 225 - Daily - Technical analysis published on 08/21/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 39,120.17 JPY

My targets

37,068.35 JPY (-2.33%)

33,682.91 JPY (-11.25%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NIKKEI 225. As long as you are under the resistance located at 39,120.17 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 37,068.35 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 33,682.91 JPY as an objective. Crossing it would then enable sellers to target 31,458.42 JPY. If the resistance 39,120.17 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Scorpus. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NIKKEI 225 rating is 37,951.80 JPY. The price is lower by -0.29% since the last closing with the lowest point at 37,605.83 JPY and the highest point at 38,026.02 JPY. The deviation from the price is +0.92% for the low point and -0.20% for the high point.

37,605.83

38,026.02

37,951.80

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this NIKKEI 225 chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	31,458.42	33,682.91	37,068.35	37,951.80	38,077.81	39,120.17	40,888.43
Change (%)	-17.11%	-11.25%	-2.33%	-	+0.33%	+3.08%	+7.74%
Change	-6,493.38	-4,268.89	-883.45	-	+126.01	+1,168.37	+2,936.63
Level	Minor	Major	Intermediate	-	Minor	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37,276.24	37,441.03	37,696.42	37,861.21	38,116.60	38,281.39	38,536.78
Camarilla	37,836.25	37,874.77	37,913.28	37,951.80	37,990.32	38,028.83	38,067.35
Woodie	37,321.53	37,463.68	37,741.71	37,883.86	38,161.89	38,304.04	38,582.07
Fibonacci	37,441.03	37,601.54	37,700.71	37,861.21	38,021.72	38,120.89	38,281.39

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33,645.03	34,560.91	36,311.79	37,227.67	38,978.55	39,894.43	41,645.31
Camarilla	37,329.31	37,573.76	37,818.22	38,062.67	38,307.12	38,551.58	38,796.03
Woodie	34,062.53	34,769.66	36,729.29	37,436.42	39,396.05	40,103.18	42,062.81
Fibonacci	34,560.91	35,579.61	36,208.97	37,227.67	38,246.37	38,875.73	39,894.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	32,184.17	34,897.68	36,999.75	39,713.26	41,815.33	44,528.84	46,630.91
Camarilla	37,777.54	38,218.96	38,660.39	39,101.82	39,543.25	39,984.68	40,426.11
Woodie	31,878.45	34,744.82	36,694.03	39,560.40	41,509.61	44,375.98	46,325.19
Fibonacci	34,897.68	36,737.23	37,873.71	39,713.26	41,552.81	42,689.29	44,528.84

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.58
MACD (12,26,9):	-547.6600
Directional Movement:	-3.51
AROON (14):	-21.43
DEMA (21):	36,367.13
Parabolic SAR (0,02-0,02-0,2):	32,773.80
Elder Ray (13):	1,043.58
Super Trend (3,10):	34,336.98
Zig ZAG (10):	38,062.92
VORTEX (21):	0.8600
Stochastique (14,3,5):	83.19
TEMA (21):	36,277.57
Williams %R (14):	-14.01
Chande Momentum Oscillator (20):	-63.41
Repulse (5,40,3):	1.0700
ROCnROLL:	-1
TRIX (15,9):	-0.3500
Courbe Coppock:	7.65

MA7:	36,848.69
MA20:	36,920.70
MA50:	38,676.70
MA100:	38,722.51
MAexp7:	37,081.46
MAexp20:	37,215.69
MAexp50:	38,082.02
MAexp100:	38,150.10
Price / MA7:	+2.99%
Price / MA20:	+2.79%
Price / MA50:	-1.87%
Price / MA100:	-1.99%
Price / MAexp7:	+2.35%
Price / MAexp20:	+1.98%
Price / MAexp50:	-0.34%
Price / MAexp100:	-0.52%

Quotes : - End-of-day data - Japan Indices

News

The latest news and videos published on NIKKEI 225 at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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